Intel Corporation (INTC) : Sapphire Star Partners Lp reduced its stake in Intel Corporation by 44.58% during the most recent quarter end. The investment management company now holds a total of 144,392 shares of Intel Corporation which is valued at $4,991,631 after selling 116,142 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Intel Corporation makes up approximately 5.66% of Sapphire Star Partners Lp’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in INTC by selling 1,889,350 shares or 8.06% in the most recent quarter. The Hedge Fund company now holds 21,563,120 shares of INTC which is valued at $745,437,058. Intel Corporation makes up approx 1.03% of Allianz Asset Management Ag’s portfolio.Tiemann Investment Advisors reduced its stake in INTC by selling 1,468 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 29,655 shares of INTC which is valued at $1,025,173. Intel Corporation makes up approx 0.93% of Tiemann Investment Advisors’s portfolio.Page Arthur B boosted its stake in INTC in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 70,068 shares of Intel Corporation which is valued at $2,429,958. Intel Corporation makes up approx 2.36% of Page Arthur B’s portfolio.Pennsylvania Trust Co reduced its stake in INTC by selling 3,443 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 263,319 shares of INTC which is valued at $9,397,855. Intel Corporation makes up approx 0.74% of Pennsylvania Trust Co’s portfolio.Parasol Investment Management boosted its stake in INTC in the latest quarter, The investment management firm added 1,020 additional shares and now holds a total of 3,990 shares of Intel Corporation which is valued at $139,850. Intel Corporation makes up approx 0.14% of Parasol Investment Management’s portfolio.
Intel Corporation opened for trading at $35.48 and hit $35.67 on the upside on Monday, eventually ending the session at $35.55, with a gain of 0.82% or 0.29 points. The heightened volatility saw the trading volume jump to 1,52,64,300 shares. Company has a market cap of $168,187 M.
On the company’s financial health, Intel Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.53. The company had revenue of $13533.00 million for the quarter, compared to analysts expectations of $13549.95 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by Nomura on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $39 .
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.